In the third quarter of the current fiscal year, ICICI Bank revealed a robust financial performance, reporting a net profit of Rs 10,271.54 crore. This marks a substantial 23.5% increase from the year-ago period when the net profit was ₹ 8, 312 crore.
The bank’s gross non-performing asset (NPA) saw a notable improvement, standing at 2.30%, down from 3.07% in the corresponding quarter of the previous year. Meanwhile, the net interest income (NII) witnessed a healthy growth of 13.4%, reaching ₹18,678 crore in the December quarter, compared to ₹16,465 crore in the same period last year.
Examining the bank’s asset quality, the net non-performing assets (NPA) ratio was 0.44% as of December 31, 2023, showing a slight increase from 0.43% at September 30, 2023. Overall, ICICI Bank’s strong financial results underscore its resilience and positive momentum in a dynamic economic landscape.
